Question

Bad credit due to volunteered turn over of a car that has recently been discharged...

I turned in a car over 5 years ago and was notified this year that the amount that did not cover the loan after the car was auctioned was discharged this year and will reflect on my taxes. Its the major issue with my credit. Every other mark on my credit is at least a B rating. Will this improve my credit score? Will this go away now? Any thoughts on this would be awesome. Thanks!

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